Cryptoeconomics and Tokenomics as Economics: A Survey with Opinions

Kensuke Ito

Papers from arXiv.org

Abstract: This paper surveys products and studies on cryptoeconomics and tokenomics from an economic perspective, as these terms are still (i) ill-defined and (ii) disconnected from economic disciplines. We first suggest that they can be novel when integrated; we then conduct a literature review and case study following consensus-building for decentralization and token value for autonomy. Integration requires simultaneous consideration of strategic behavior, spamming, Sybil attacks, free-riding, marginal cost, marginal utility and stabilizers. This survey is the first systematization of knowledge on cryptoeconomics and tokenomics, aiming to bridge the contexts of economics and blockchain.

Date: 2024-07
New Economics Papers: this item is included in nep-hme, nep-pay and nep-upt
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